RISK TOLERANCE ENHANCEMENT TOWARDS LIFE INSURANCE PRODUCTS A SURVEY OF SELECTED INVESTORS

  • Ms.S.REVATHY et al.
  • Shireenbanu Maqbullahamed Chandrageri et al.

Abstract

Insurance is a subject matter of solicitation. With largest number of life insurance policies in force in the world, Insurance happens to be a mega opportunity in India. It’s a business growing at the rate of 15-20 per cent annually and presently is of the order of Rs. 450 billion as on 31st march 2007. Together with banking services, it adds about 7 per cent to the country’s GDP. Gross premium collection is nearly 2 per cent of GDP and funds available with LIC for investments are 8 per cent of GDP. Nearly 80 percent of Indian population is without life insurance in urban areas and much lower in rural areas. While health insurance and non-life insurance continues to be below international standards. And this part of the population is also subject to weak social security and pension systems with hardly any old age income security.

Published
2019-12-31
How to Cite
et al., M., & et al., S. M. C. (2019). RISK TOLERANCE ENHANCEMENT TOWARDS LIFE INSURANCE PRODUCTS A SURVEY OF SELECTED INVESTORS. International Journal of Advanced Science and Technology, 28(20), 234 - 241. Retrieved from http://sersc.org/journals/index.php/IJAST/article/view/2716
Section
Articles